Colonial Data Technologies Corp. reports record revenues and earnings.NEW MILFORD New Milford. 1 Town (1990 pop. 23,629), Litchfield co., W Conn., on the Housatonic River; inc. 1712. Situated in a dairy region, its manufactures include paper products and electronic equipment. , Conn.--(BUSINESS WIRE)--Jan. 19, 1995--Colonial Data Technologies Corp. (AMEX AMEX See: American Stock Exchange : CDT CDT abbr. Central Daylight Time CDT Central Daylight Time CDT n abbr (US) (= Central Daylight Time) → hora de verano del centro; (BRIT ), a provider of high technology telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. products and services, today reported record revenues and earnings for the fourth quarter and the fiscal year ended Dec. 31, 1994. For the three months ended Dec. 31, 1994, revenues were $13,439,000 up 114 percent as compared to $6,292,000 for the same period last year. Net income for the quarter increased 254 percent to $1,534,000, or $0.12 per share, compared with $433,000 or $.04 per share, a year earlier. The weighted average common and common equivalent shares outstanding were 13,254,972 and 11,202,572 for the fourth quarter of fiscal 1994 and 1993, respectively. Revenues for the year ended Dec. 31, 1994 reached a record of $36,829,000, an increase of 111 percent, as compared with $17,439,000 for the same period last year. Net income for 1994 was $3,578,000, or $0.30 per share, up 224 percent from 1993 net income of $1,103,000, or $0.10 per share. The weighted average common and common equivalent shares outstanding were 11,805,992 and 10,910,480 for the year ended Dec. 31, 1994 and 1993, respectively. "Increased demand for the Company's Caller ID A telephone company service that sends the caller's telephone number between the first and second ring of the call. If the calling number is not blocked, the calling number is displayed on the handset or base station of the called party. products seen through most of the year carried into the fourth quarter. Telco generated sales and lease revenues were particularly strong for the quarter," commented Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. J. Schock Schock is the surname of the following people:
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that such revenue growth was accompanied by higher gross margins and operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: ." For the three months ended Dec. 31, 1994 gross profit margins Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. and income from operations were 36 percent and 20 percent, respectively, compared with 29 percent and 13 percent for the same period last year. For the full year, gross profit margins and income from operations margins were 34 percent and 17 percent, respectively, compared with 30 percent and 12 percent a year earlier. COLONIAL DATA TECHNOLOGIES CORP. (In thousands, except per share data)
Quarter Ended December 31,
1994 1993
Statement of Earnings Data:
Revenues
Products $ 7,956 $ 4,099
Leases 4,530 1,496
Services 953 697
Total Revenue 13,439 6,292
Gross profit 4,888 1,827
Income from operations 2,690 808
Income before income taxes 2,729 765
Net income 1,534 433
Net income per share .12 .04
Year Ended December 31,
1994 1993
Revenues:
Products $22,016 $11,667
Leases 11,630 3,525
Services 3,183 2,247
Total revenues 36,829 17,439
Gross Profit 12,601 5,235
Income from operations 6,299 2,053
Income before tax 6,168 1,952
Net income 3,578 1,103
Net income per share .30 .10
Colonial Data Technologies Corp. designs, develops and markets
Caller ID and other telecommunications products that support
intelligent network services being developed and implemented by the
regional Bell operating companies and other telephone operating
companies. The Company also repairs and refurbishes
telecommunications products for commercial customers.
CONTACT: Colonial Data Technologies Corp. Walter M. Fiederowicz, 203/355-3178 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion